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Japanese yen gains in Asia's session

ArgusFX

The Japanese yen gained slightly during the early Asian trading session following the better than expected outcome on machinery orders.

Japan's core machinery orders 3.4% higher

Japan's August core machinery orders climbed 3.4%, much higher than the gain of 1.1% predicted by the economists and the analysts.

The AUD/USD traded to 0.7789 rising 0.15%, the USD/JPY dropped 0.02% to 112.42, the U.S. dollar index approached the 93.07 zone easing 0.02%, and the EUR/USD aimed to 1.1810 appreciating 0.02%.

U.S. dollar lower vs. counterparts

The greenback traded lower versus its main counterparts today, amid the doubts on the U.S. tax overhaul placing pressures on the U.S. dollar.

The GBP/USD pair traded to 1.3191 falling 0.09%, the NZD/USD stabilized at 0.7067, the USD/CHF and the USD/CAD changed slightly at 0.9753 and 1.2515 respectively.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/japanese-yen-gains-in-asia-s-session
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